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TRADER CARTELS
As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...- Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here's Brent, US WTI crude, Waha Hub pricesWhy are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States t...
- Why are oil prices up now, and will Brent, US WTI crude rates continue to rise or drop again? Global markets react to Iran war, UAE exit from OPEC, and AI stock worriesWhy are oil prices up now, and will Brent, US WTI crude rates continue to rise or drop again? Oil prices climbed as the Iran conflict disru...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...
- Amazon price rules anti-competitive: German regulatorAmazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands fo...
- CCI notifies leniency-plus scheme to curb cartelisationThe Competition Commission of India (CCI) has implemented regulations for the leniency-plus regime, allowing companies involved in cartelis...
- EU slaps ₹344 million euros penalty on major banks over forex trading cartelThese fines brought to an end the third part of an investigation that has been ongoing since 2013 and which had already resulted in more th...
- EU fines UBS, Nomura, UniCredit $452 million over bond cartelThe European Commission said the European government bond cartel ran from 2007 to 2011, with traders from the banks informing each other on...
- Competition Commission dismisses ILMA's complaint against 19 chemical importersAs per the complainant, local production of phenol is unable to meet domestic demand, leading to increased dependency on import of phenol. ...
- Cartel hoarding dal stocks abroad to jack up prices: IBThe Intelligence Bureau has alerted the government about importers of pulses resorting to cartels to make a killing this year on red lentil.
- US investigates currency trades at major banksUS is investigating activities of traders at major global banks suspected of forming cartels and altering the price of foreign currencies.
- Fishermen end indefinite strike against fish traders' cartelThe fishermen had been protesting against fish traders forming a 'cartel' and quoting very low price for their catch.
- Tax officials survey premises of onion tradersThe income-tax departments, acting on the government's direction, were trying to find out if traders had formed a cartel to push up onion p...
- Basu blames trader cartels for high onion pricesHe said India may have to live with rising food prices, indicating that price pressures in the economy are here to stay for some more time.
- Sugar traders slam mills for 'cartel'After cooperative sugar mills in 6 states decided to raise the base sale price by `200 per quintal, traders have come together to seek gove...
- Oil price climbs above 77 dollarsOil prices rose extending a rally caused by a larger-than-expected drop in US energy stockpiles.
- Oil prices firm on eve of OPEC meetingWorld oil prices firmed on Tuesday on the eve of a crucial OPEC meeting in Algeria that could see the crude producers' cartel slash output ...
- Oil prices drop as focus switches to OPECOil prices fell on Thursday as the market geared up for a weekend meeting of OPEC in Cairo where the crude producers' cartel may decide aga...
- Oil prices fall back on scepticism over OPEC cutIn London, Brent North Sea crude for November delivery lost 58 cents to 59.96 dollars per barrel in electronic trading.
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